Results of the third quarter 2007
Revenues of the quarter amount to € 216.2 million, up 16.8% over the same period 2006.
Applications for commercial vehicles drove the quarter growth (+45.2), benefiting from the ramp-up of the newly acquired platforms and from the enduring positive trend of road transportation.
Also the motorcycle segment grew decidedly (+41.2%) thanks to the main motorcycle manufacturers positive sales trend, magnified by the extension of supplies to Harley Davidson.
Also racing (+9.9%) and passenger cars segments (+5.4%) keep on growing.
Brembo returns to be a supplier of braking systems, in addition to brake discs, for passenger cars to BMW Group.
During the quarter Brembo began supplying the front braking system (6-piston calliper and disc) for a top-of-the-range model of the German car manufacturer and obtained other supplies that will grant, in the mid-term, additional yearly revenues of over €10 million.
Furthermore, Brembo will supply, starting 2008, special braking kits that the final customer may choose as optional.
From a geographic point of view, Italy and other EU countries grew by 17.3% and 12.1% respectively, thanks to the positive sales trend of Original Equipment applications; sales to Germany grew by 1.8%
After several weak months, Asian and NAFTA regions show an upturn, growing by +57% and 38,2%, respectively; the former thanks to the phase-in of some new car models in Japan, the latter mainly thanks to motorcycle applications.
Brazil continues to grow sharply (+54.2%).
In the quarter under exam the cost of goods sold and other operating costs amount to € 144,8 million, or 67% of sales, substantially in line with previous year.